According to multiple reports, Bouknight was arrested at 3:56 a.m. by the Erlanger Police Department.
The Courier-Journal of Louisville reported that Bouknight was also charged with possession of an open alcoholic beverage and for driving 26 mph or more over the speed limit, citing Kenton County public records.
Bouknight has a court appearance scheduled for Friday.
The 37-year-old Bouknight is entering his second season at Kentucky after previous coaching stops at Utah State, Texas Tech and Oregon.
Bouknight was a college star at Wyoming and caught 250 passes for 3,626 yards and 29 touchdowns in 47 games from 2002-05. The catches rank second in school history and the yardage and touchdown catches are third.
He topped 1,000 receiving yards twice and had his best campaign as a senior when he had 77 receptions for 1,116 yards and 12 scores.
Kentucky defensive back Marcus Walker was arrested early Thursday after authorities said they found five pounds of marijuana and an ounce of cocaine at an off-campus residence.
Lexington Police served a search warrant at a home in the 1100 block of Unity Drive after going to the residence late Wednesday night, according to Sgt. Jervis Middleton, a police spokesman.
Walker, 21, was arrested as a result of items uncovered in the search, Middleton said, in addition to 23-year-old Tavon Wells. Both men were charged with trafficking at least 5 pounds of marijuana and 4 grams of cocaine and possession of drug paraphernalia.
Authorities found drugs in addition to “a large amount of cash” and a cash counter, according to an arrest citation.
The address listed by police for Walker on the citation was the same as the location of the arrest.
Walker pleaded not guilty at his arraignment in Lexington District Court on Thursday. His lawyer, Abe Mashni, said Walker would be released from jail later Tuesday on a $1,000 surety bond.
Kentucky punter Matt Panton was arrested and charged with public intoxication on Saturday night after the loss to Ole Miss.
Panton, a graduate transfer from Columbia University originally from Melbourne, Australia, was booked into the Lexington jail after 1:30 a.m. Sunday, according to jail records.
He was arrested by Lexington Police near the corners of South Upper and Bolivar streets. Panton’s arrest citation was not immediately available nor were any other details surrounding his arrest.